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Banking Industry

Austrian Oberbank Shines in Hungary

Austrian Oberbank bucks the trend of terminating business activity in Hungary. Instead, the financial institute plans on growing in one of the most difficult markets in Europe.

May 22, 2014

Billionaire Sheikh Al Jaber Sues Immoconsult and the Schwarzenberg Foundation

Due to a failed hotel project in Vienna real estate affiliate of Volksbank, Immoconsult, is facing a lawsuit by the Austrian/Saudi Arabian investor Mohamed Al Jaber.

May 21, 2014 · Updated: May 21, 2014; 18:51

Romania: Banca Transilvania Gives Shares to Employees

As part of the loyalty program, the Romania lender gave almost 10 million shares to its employees.

May 12, 2014

Czech Arca Capital to Invest in Romania

As reported by daily E15, Czech investment group Arca Capital is planning to make a huge investment in Romania.

May 12, 2014

South Korean Bank Preparing for Business in CEE

Shinhan Bank, one of the largest banks in the South Korea, will open branches in Poland.

May 12, 2014

World Bank Approves Health Loan to Croatia

The Croatian government will use the World Bank’s funds for a national health program.

May 9, 2014

Romania: Raiffeisen Bank Issues Unsecured Bonds

Raiffeisen announced plans of issuing unsecured bonds at the stock exchange in Bucharest with a nominal value of RON 500m (€ 112.8m) with a maturity of five years.

May 9, 2014

Poland: Banking Industry’s Profits Down

In the first quarter this year, the net profit of Polish banks came at PLN 3.97bn (€ 944m, down by 2.9 percent year-on-year, as reported by the Polish financial market regulator KNF.

May 9, 2014

Sanction Imposed on Expobank

Russian-Latvian Expobank was added to the Canada’s black list.

May 9, 2014

Verbund: Trying to Get Rid of Sorgenia

The Austrian utility Verbund announced not being willing to invest any further money into loss-making Italian energy group Sorgenia.

May 8, 2014

Hypo Group to Shut Down Subsidiaries in Italy

Until the end of this year five subsidiaries in Italy will be closed.

May 6, 2014

Agenda Austria 2020: Economy = State

The think tank Agenda Austria 2020 is currently tackling the question what the “economy expects from the state”.

May 5, 2014

Hypo Group: Shady Deals with Balkan Diplomats

The Austrian problem bank Hypo Group has troubles recovering debts.

May 3, 2014

Bulgaria: Banking Sector Getting Back on Feet Again

In the first quarter this year profits of the Bulgarian banking sector grew by 34 percent.

May 2, 2014

Bank Austria: “Russia is Still Profitable”

According to Vice CEO of Bank Austria and head of business operations in CEE Gianni Franco Papa, business in Russia is not yet affected by the political crisis in Crimea.

May 2, 2014

Slovenian Banka Celje Needs Further State Aids

Because of the failed capital increase in the amount of € 160m, Banka Celje is requiring further state capital.

May 2, 2014

Austria: Hypo Group Investigation Committee to be Established?

Will the Austrian government soon give in to establishing an investigation committee for problem bank Hypo Group?

May 2, 2014

Fitch Upgrades Rating for Slovenia

Fitch Ratings has revised the Outlook on Slovenia's Long-term foreign and local currency Issuer Default Ratings (IDR) to Stable from Negative and affirmed the IDRs at 'BBB+'.

May 2, 2014

Austria: Hypo Reveals Profit Losses

The Austrian branch of Hypo Bank, which was privatized last December and is going to be renamed to Austrian Anadi Bank, has published the annual financial report for the year 2013.

April 30, 2014

Austria Gives up Bank Secret for United States

Austria and the US have signed an agreement for the exchange of fiscal data. However, the agreement could be renewed soon.

April 30, 2014

Poland: Bank BZ WBK Expects High Growth of Profit

The Polish affiliate of Spanish Banco Santander, Bank BZ WBK, expects net profits in 2014 to increase compared to last year’s volume.

April 30, 2014

Hypo Group Further Losses to Be Expected

Huge losses by the sale of the SEE banking network could be expected.

April 30, 2014

EU Enlargement: A Success Story for Central Europe

Austria is one of the main beneficiaries of the EU enlargement of 2004.

April 30, 2014

Erste Group: Dramatic Profit Decline Stayed Away

Net profits amounted to EUR 103.3 million. Erste Group aims to keep profits stable in the near future.

April 30, 2014

Situation for Austrian Banks in Russia is “Sensitive”

According to the latest statistics, Austrian banks are considerably more engaged in Russia than assumed so far. Debts to domestic financial institutes amount to € 50bn.

April 29, 2014

Spindelegger: “Arsonists Are to Blame Not Fire Brigade”

The downsizing of ailing bank Hypo Group Alpe Adria is a heavy burden for this year’s budget. According to Finance Minister Spindelegger, the deficit comes at 2.7 percent of GDP while public debts will soar.

April 29, 2014

Polish Banking Sector: “Too Early for Recovery”

The Polish banking sector has to be patient for economic recovery to show on their results.

April 29, 2014

Austrian Banking Sector Making Losses

For the first time in 2013, the Austrian banks made losses in the amount of € 1.035bn.

April 29, 2014

Hypo Group: Huge Burden for Austrian Budget

The downsizing of problem bank Hypo Group Alpe Adria is a huge burden for this year’s budget.

April 29, 2014

Hypo Group: Already a “Catastrophe“ in 2006

In the court proceedings against the former member of the supervisory board of regional lender BayernLB former head of Hypo Group’s board Wolfgang Kulterer called the situation Hypo was in a “catastrophe”.

April 28, 2014

Banks Still Losing in Trust

The trust in banks is continuing to decline. The scepticism towards the financial branch has increased among 39 percent of Austrians while trust in banks only increased among five percent.

April 28, 2014

Austria: Is Spindelegger Suitable as Finance Minister?

On Tuesday the Austrian Finance Minister will hold his first budget speech. Initial figures reveal record debt levels.

April 28, 2014

Russia: Austrian Banks Demonstrate Serenity

Austrian banks try to take the downgrade of Russian sovereign bonds with composure. According to spokespersons, the downgrade has no danger potential.

April 26, 2014

Budget Deficit: Austria Threatened with Penalty

Due to the capital injections into the distressed lender Hypo Group, Austria´s 2013 budget deficit will exceed the 3.0% threshold. According to Finance Minister Spindelegger, Austria might face an excessive deficit procedure.

April 25, 2014

RBI Gets Rid of Public Shareholder

After tough negotiations with the Austrian financial market supervision, the Vienna-listed CESEE lender Raiffeisen Bank International repays about the half of the participation capital.

April 25, 2014

Raiffeisen Bank International AG - SWOT Analysis & Company Report May 2014

This new report contains in depth information and data about Raiffeisen Bank International AG and its operations and markets. It contains an overview, business and strategy description, financial ratios, valuation & forecast data and a SWOT analysis.

April 25, 2014

Austria: Bank Levy Begins to Wobble

Austria´s Minister of Economics Reinhold Mitterlehner proposed to reduce the bank levy. The coalition partner, the social democrats, is surprisingly open to talks.

April 25, 2014

Austrian Public Debt Almost at 80% of GDP

The Austrian public debt burden will reach a new all-time high at the end of the current year. The challenging fiscal situation is partly attributable to the capital injections into Hypo Group Alpe Adria.

April 24, 2014

Do Taxes Justify a Relocation of Business?

Tax sensitive business operations should be relocated to other areas if necessary, according to the head of Erste Bank Austria.

April 24, 2014

Austria: Difficult Market Situation for Selling Bawag

The selling of Bawag PSK proves difficult for its owner which is why an IPO is considered a realistic phasing-out scenario. However, experts doubt that an IPO will be a “highflyer”.

April 24, 2014

Poland: BNP Paribas Bank Polska Hopes for Higher Profits

Because of the merger with BGZ Bank BNP Paribas Bank Polska, the Polish branch of the French financial giant, expects a growth of return on equity (ROE) in the double-digit figures.

April 24, 2014

Eder: Policy-Makers Have to Make Decisions

Wolfgang Eder, CEO of Austrian steel manufacturer voestalpine, claims not to have heard anything from the Austrian policy makers after he raised criticizm with regard to the Austrian business location.

April 24, 2014

Romania: BRD Group Societe General with High Expectations

The Romanian lender intends to increase its lending by four percent in 2014.

April 23, 2014

Slovenia: List of Debtors of NLB Published

The Slovenian bad bank BAMC (Bank Asset Management Company) has published the list of debtors of the country’s two largest banks, which are responsible for the disaster of the state-controlled banks.

April 23, 2014

Poland: Costs for Banking Services Rising Dramatically

The banking fees in Poland saw a dramatic increase in the second half last year.

April 23, 2014

Austria: Bawag to Go Public?

Bawag PSK is likely to go public, as reported by Bloomberg.

April 23, 2014

Austria: Calls for Reduction of Bureaucracy Become Louder

Bureaucratic hurdles burden the Austrian enterprises the most apart from taxes and other levies.

April 23, 2014

Austrians Cautiously Observant

Despite economic recovery the Austrian citizens are still cautiously observant.

April 22, 2014

Serbia: Key Rate Kept Unchanged.

The NBS (National Bank of Serbia) decided to keep the policy rate unchanged as there is no threat of inflation.

April 22, 2014

Austria: Hypo Commission Costs Less than Anticipated

Irmgard Griss, head of the investigation commission appointed by the Finance Ministry with regard to Hypo Group Alpe Adria’s nationalization, announced wanting to leave the decision about the costs with the government.

April 22, 2014